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WINSTONCH [101]

3 years ago

11

Dan invests £13000 into his bank account. He receives 4% per year simple interest. How much will Dan have after 6 years? Give yo

ur answer to the nearest penny where appropriate.

1 answer:

Feliz [49]3 years ago

7 0

Answer:

16120

Step-by-step explanation:

0.04 x 6 = 0.24 (Simple Interest)

1 + 0.24 = 1.24 (Total interest)

13000 * 1.24 = 16120

Hope this helped.

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